Alto Ingredients Inc reports results for the quarter ended in September 30 - Earnings Summary

Alto Ingredients

07/11/2024 04:29

* Alto Ingredients Inc  ALTO.OQ  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -5 cents.  The mean expectation of two analysts
for the quarter was for earnings of 4 cents per share. Wall
Street expected results to range from 2 cents to 5 cents per
share.
    * Revenue fell 20.8% to $251.81 million from a year ago;
analysts
expected $267.57 million. 
    * Alto Ingredients Inc shares had risen by 19.9% this
quarter and
lost 27.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
fuels
peer group is also "buy"

Wall Street's median 12-month price target for Alto Ingredients
Inc is $4.50 
This summary was machine generated from LSEG data November 7 at
04:29 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.04           -0.04          Missed
 Jun. 30 2024      -0.10          -0.05          Beat
 Mar. 31 2024      -0.14          -0.17          Missed
 Dec. 31 2023      -0.08          -0.26          Missed